National, 6th February: Godavari Biorefineries Limited (GBL) (BSE: Script Code 544279 |
NSE: GODAVARIB) today announces a new partnership with Synthomer to develop bio‑based
alternatives to existing fossil‑based monomers. With growing customer demand for more
sustainable alternatives, this partnership strengthens GBL’s commitment to innovation and
reinforces our focus on delivering customer‑centric, lower‑carbon solutions.
Through this partnership, Synthomer is commercialising bio-based butyl acrylate using biobased
butanol produced by GBL, helping to accelerate the industry’s transition to more
sustainable raw materials.
Samir Somaiya, Chairman and Managing Director of Godavari Biorefineries Limited,
comments, “At Godavari Biorefineries, sustainability is integral to our business strategy and
innovation agenda. This collaboration with Synthomer reflects our commitment to advancing
bio-based alternatives that enable meaningful reductions in carbon footprint across the value
chain.
“By leveraging renewable feedstocks and our integrated biorefinery capabilities, we aim to
work with and support our partners and customers in transitioning away from fossil-based
materials toward more sustainable solutions. Partnerships such as this are critical to
accelerating the adoption of green chemistry and contributing to a more circular and resilient
chemical industry and to our vision of creating a beautiful world.”
Chris Brown, Vice President of ESG, Synthomer, comments, “Partnering with GBL enables
us to offer customers a lower-carbon alternative to fossil-based monomers, helping them to
meet their emissions targets while supporting the growing demand for more sustainable
solutions.
“It also reflects our commitment to customer-centricity. By expanding access to bio-based
solutions, we’re strengthening the resilience of our monomers portfolio and ensuring we can
continue meeting our customers’ evolving needs.”
About Godavari Biorefineries Limited
Godavari Biorefineries Limited (GBL) is a leading integrated bio-refinery and a pioneer in biobased
chemicals and biofuels in India, committed to advancing sustainable solutions that
support a circular economy. GBL has a diversified portfolio of specialty bio-based chemicals
catering to multiple industries, enabled by its integrated biorefinery operations.
Sustainability is central to GBL’s business strategy. The Company focuses on reducing carbon
intensity through the use of bio-based feedstocks, improving energy efficiency, promoting
circular resource use, and minimising waste across operations. GBL’s integrated model
supports the production of bio-based chemicals, ethanol, and green energy with a lower
environmental footprint, while strengthening responsible sourcing and farmer engagement.
Listed on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE),
GBL has a strong legacy of innovation, robust governance practices, and a long-term
commitment to environmental stewardship, social responsibility, and ethical business conduct.
For more information about Godavari Biorefineries Limited, please visit
About Synthomer plc
Synthomer plc is a leading supplier of high-performance, highly specialised polymers and
ingredients that play vital roles in key sectors such as coatings, construction, adhesives, and
health and protection – growing markets that serve billions of end users worldwide.
Headquartered in London, UK and listed there since 1971, we employ c.3,900 employees
across our five innovation centres of excellence and more than 29 manufacturing sites across
Europe, North America and Asia.
Our purpose is creating innovative and sustainable solutions for the benefit of customers and
society. Around 20% of our sales volumes are from new and patent protected products. At our
innovation centres of excellence in the UK, China, Germany, Malaysia and USA we
collaborate closely with our customers to develop new products and enhance existing ones
tailored to their needs, with an increasing range of sustainability benefits.
Our 2030 decarbonisation targets have been approved by the Science Based Targets initiative
as being in line with what the latest climate science says is necessary to meet the goals of the
Paris Agreement, and since 2021 we have held the London Stock Exchange Green Economy
Mark, which recognises green technology businesses making a significant contribution to a
more sustainable, low-carbon economy. Find us at www.synthomer.com or search for
Synthomer on LinkedIn.
Link:- Press release
